🔆The EU and India conducted their first joint naval exercise in the gulf of Guinea
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🔆How China is using scientific terrorism to assert his rights over Arunachal region, is a matter of concern for India
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India Netherlands relation
✅Recently, Delegates from India visited the Netherlands, where both sides have signed a Memorandum of Intent (MoI) to cooperate on Medical Product Regulation and enhance the quality of medical products and healthcare services for both countries.
✅The Indian delegation participated in the second World Local Production Forum (WLPF) meeting in The Hague.
✅The WLPF is a platform initiated by the World Health Organization (WHO) with the goal of increasing access to medicines and health technologies.
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✅Recently, Delegates from India visited the Netherlands, where both sides have signed a Memorandum of Intent (MoI) to cooperate on Medical Product Regulation and enhance the quality of medical products and healthcare services for both countries.
✅The Indian delegation participated in the second World Local Production Forum (WLPF) meeting in The Hague.
✅The WLPF is a platform initiated by the World Health Organization (WHO) with the goal of increasing access to medicines and health technologies.
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🔆India-US Bilateral Relations
Trade & Economic Relations
✅ The U.S. has emerged as India's biggest trading partner in 2022-23 on account of increasing economic ties between the two countries.
✅ In 2022-23, the bilateral trade between India and the USA stood at a record US$ 191 billion as against US$ 119.42 billion in 2021-22.o In 2022-23, India had a trade surplus of US$ ~30 billion with the US.
✅ In FY 2020-21, India received the highest ever FDI amounting to US$ 81.72 billion.
✅ USA became India’s second largest source of FDI during 2020-21 with inflows of US$ 13.82 billion.
✅ US is one of the top 5 investment destinations for Indian FDI.
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Trade & Economic Relations
✅ The U.S. has emerged as India's biggest trading partner in 2022-23 on account of increasing economic ties between the two countries.
✅ In 2022-23, the bilateral trade between India and the USA stood at a record US$ 191 billion as against US$ 119.42 billion in 2021-22.o In 2022-23, India had a trade surplus of US$ ~30 billion with the US.
✅ In FY 2020-21, India received the highest ever FDI amounting to US$ 81.72 billion.
✅ USA became India’s second largest source of FDI during 2020-21 with inflows of US$ 13.82 billion.
✅ US is one of the top 5 investment destinations for Indian FDI.
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🔆Indo-Pacific Regional Dialogue 2023 (IPRD-2023)
✅ It is the 5th edition of IPRD, which started in 2018.
✅ Organised by: National Maritime Foundation (NMF)
✅ Theme: Overarching theme was “Geopolitical Effects on Maritime Trade and Connectivity in the Indo-Pacific.”
✅Major discussions done:
✅ Role of oceans in establishing global connections for India.
✅ Comprehensive strategy of ensuring security through SAGAR (Security and Growth for All in the Region)
✅ Commitment to a clean and safe maritime environment with Swachh Sagar Surakshit Sagar.
✅ NMF signed MoUs of cooperation with four prominent think-tanks in the Indo-Pacific, namely:
Nepal Institute for International Cooperation and Engagement (NIICE), Nepal.
✅ Global Centre for Policy and Strategy (GLOCEPS), Kenya.
✅ Diplomatic Academy of Vietnam (DAV), Vietnam.
✅ The Energy and Resources Institute (TERI), New Delhi.
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✅Major discussions done:
Nepal Institute for International Cooperation and Engagement (NIICE), Nepal.
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🔆How India's engagement with South Asian countries is significant ?
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🔆India resumes e visa for Canada citizens
✅It enables the prospective visitor to apply for an Indian Visa from his/her home country online without visiting the Indian Mission and also pay the visa fee online.
✅The e-visa system is an innovation introduced by the government in 2014. The facility was expanded in 2017-2018.
✅The process has its roots in the 2010 Tourist Visa on Arrival (TVOA) scheme for Japan, Singapore, Finland, Luxembourg and New Zealand. The government merged the TVOA with Electronic Travel Authorisation, thereby creating the e-visa.
✅Five Categories: An e-visa also called Electronic Visa is provided in five categories—tourist, business, conference, medical, and medical attendant.
✅This facility is available to Foreigners whose sole objective of visiting India is recreation, sight-seeing, short duration medical treatment, casual business visit, etc. and not valid for any other purpose/activities.
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✅It enables the prospective visitor to apply for an Indian Visa from his/her home country online without visiting the Indian Mission and also pay the visa fee online.
✅The e-visa system is an innovation introduced by the government in 2014. The facility was expanded in 2017-2018.
✅The process has its roots in the 2010 Tourist Visa on Arrival (TVOA) scheme for Japan, Singapore, Finland, Luxembourg and New Zealand. The government merged the TVOA with Electronic Travel Authorisation, thereby creating the e-visa.
✅Five Categories: An e-visa also called Electronic Visa is provided in five categories—tourist, business, conference, medical, and medical attendant.
✅This facility is available to Foreigners whose sole objective of visiting India is recreation, sight-seeing, short duration medical treatment, casual business visit, etc. and not valid for any other purpose/activities.
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🔆What is the Migration and Economic Development Partnership?
Hours after the United Kingdom’s Supreme Court ruled that the government’s plan to send asylum seekers to the African country was unlawful, Prime Minister Rishi Sunak promised to introduce emergency legislation that confirms that Rwanda is a safe country.
On 14 April 2022, the UK government announced a new agreement with the Government of Rwanda, called the new Migration and Economic Development Partnership. Under this arrangement, asylum-seekers in the UK may be transferred to Rwanda before their claims for asylum are heard
The Universal Declaration of Human Rights (Article 14), which states that everyone has the right to seek and enjoy asylum from persecution in other countries. The 1951 UN Refugee Convention , which protects refugees from being returned to countries where they risk being persecuted.
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Hours after the United Kingdom’s Supreme Court ruled that the government’s plan to send asylum seekers to the African country was unlawful, Prime Minister Rishi Sunak promised to introduce emergency legislation that confirms that Rwanda is a safe country.
On 14 April 2022, the UK government announced a new agreement with the Government of Rwanda, called the new Migration and Economic Development Partnership. Under this arrangement, asylum-seekers in the UK may be transferred to Rwanda before their claims for asylum are heard
The Universal Declaration of Human Rights (Article 14), which states that everyone has the right to seek and enjoy asylum from persecution in other countries. The 1951 UN Refugee Convention , which protects refugees from being returned to countries where they risk being persecuted.
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🔆To Beat China, India Must Engage with APEC
The 2023 Asia Pacific Economic Cooperation (APEC) summit was held in San Francisco last week. The US hosted APEC after a gap of 12 years.
Despite being in the same region, India is not a part of APEC but India needs to engage with aspects of APEC so that its economic goals can be met.
📍The Asia Pacific Economic Cooperation (APEC)
✅The APEC is a regional economic forum that was formed in 1989.The objective of the grouping is to leverage the growing interdependence of the Asia-Pacific and create greater prosperity for the people of the region through regional economic integration.
✅It has been operating based on non-binding commitments with decisions taken through commitments and consensus undertaken on a voluntary basis.
✅Currently, APEC has 21 members. The criterion for membership, however, is that each member must be an independent economic entity, rather than a sovereign state.
📍Significance of APEC
✅APEC accounts for nearly 62 per cent of global GDP and nearly half of global trade.
✅Since its formation, the grouping championed the lowering of trade tariffs, free trade, and economic liberalisation.
✅As per the US State Department, during its first five years of operation, APEC established its core objectives.
✅In the Seoul Declaration (1991), APEC member economies proclaimed the creation of a liberalised free trade area around the Pacific Rim as the principal objective of the organisation.
📍Reason Why India is Not a Member of APEC
✅APEC’s Resistance to Protectionism
Although many members have been in favour of the inclusion of India, some opposed the idea citing the economic reforms which took place in the country and claiming that it has 'protectionist instincts'.
APEC’s guiding motive was to resist protectionist policies by individual member states, and the promotion of trade liberalisation and economic cooperation within the affiliated Asia-Pacific economies.
By that description, India did not seem to fit in.
✅India’s Record on Economic Reforms and WTO Engagement: The main impediment has been the opposition of some participants who have held India’s record on economic reforms and WTO engagement to be unsatisfactory.
✅Membership freeze: Another reason for not making India part of the grouping was a membership freeze which came into force in 1997. However, it was not extended in 2012.
The 2023 Asia Pacific Economic Cooperation (APEC) summit was held in San Francisco last week. The US hosted APEC after a gap of 12 years.
Despite being in the same region, India is not a part of APEC but India needs to engage with aspects of APEC so that its economic goals can be met.
📍The Asia Pacific Economic Cooperation (APEC)
✅The APEC is a regional economic forum that was formed in 1989.The objective of the grouping is to leverage the growing interdependence of the Asia-Pacific and create greater prosperity for the people of the region through regional economic integration.
✅It has been operating based on non-binding commitments with decisions taken through commitments and consensus undertaken on a voluntary basis.
✅Currently, APEC has 21 members. The criterion for membership, however, is that each member must be an independent economic entity, rather than a sovereign state.
📍Significance of APEC
✅APEC accounts for nearly 62 per cent of global GDP and nearly half of global trade.
✅Since its formation, the grouping championed the lowering of trade tariffs, free trade, and economic liberalisation.
✅As per the US State Department, during its first five years of operation, APEC established its core objectives.
✅In the Seoul Declaration (1991), APEC member economies proclaimed the creation of a liberalised free trade area around the Pacific Rim as the principal objective of the organisation.
📍Reason Why India is Not a Member of APEC
✅APEC’s Resistance to Protectionism
Although many members have been in favour of the inclusion of India, some opposed the idea citing the economic reforms which took place in the country and claiming that it has 'protectionist instincts'.
APEC’s guiding motive was to resist protectionist policies by individual member states, and the promotion of trade liberalisation and economic cooperation within the affiliated Asia-Pacific economies.
By that description, India did not seem to fit in.
✅India’s Record on Economic Reforms and WTO Engagement: The main impediment has been the opposition of some participants who have held India’s record on economic reforms and WTO engagement to be unsatisfactory.
✅Membership freeze: Another reason for not making India part of the grouping was a membership freeze which came into force in 1997. However, it was not extended in 2012.